What percent of taxes are taken from your check in Tennessee?

Answer 1

Understand, the amount withheld (or estimated payments) doesn't change how much you pay, just when you paid it. These items are discussed in other questions, but they are under YOUR control, not your employer etc. They are done by your employer by how you instruct when completing your W-4 form for them. They are required or there will be penalties, interest, etc.

I am always astounded that people ask questions of this variety...if anyone claims to provide an answer for you the only thing you can be sure of is it is wrong. I can only ask back, to those of you posting questions saying 'how much tax do I pay on X $" -- Do you really think that's all there is to it?

Start with what do YOU mean by tax, or withholding? Seems everyone here has a different definition, and many don't put any thought into that there may be a difference at all, or the obvious difference state by state and frequently city to city. Do you mean Federal Income Tax? How about State income Tax? What about FICA? Disability? Unemployment? Consider, even your private medical insurance and retirement (or other employer benefits) may have contributions "withheld" from your gross pay. Most of these are elections made by you or your employer and no one else really knows anything about.

FIRST OFF TAX IS CALCULATED ON TAXABLE INCOME WHICH IS NOT THE SAME AS WHAT WAS "MADE" USING ANY OTHER METHOD. IT IS NOT YOUR SALARY. IT MUST BE DETERMINED TO CALCULATE TAX. Income of different types is taxed differently, if at all, and each person is taxed differently. DETERMINING IT IS 99% OF MOST TAX MATTERS. Hence there is no tax bracket, or percent or anything for "someone making X$". Whatever the amount is, one could pay nothing, to a very high percent, depending on what results when calculating taxable income. What is considered taxable income changes for each of the types of tax too. Federal taxable income is ALWAYS different from State for example.

After determining if your even taxable at all, much more goes into determining how much tax is due, and even how much was paid. Again, sometime in life you must have heard things, spoken and written about virtually everyday, in news, social, school and business situations and concerning tax. Things like location, marital status, number of dependents, how much and type of deductions or expenses you have (like medical or interest paid on a home), how or the costs in how the money was made....etc, etc! Maybe your just think all that applies to everyone else and not you? UNDERSTAND 2 PEOPLE, WORKING AT THE SAME JOB MAKING THE SAME WAGE, WILL ALMOST NEVER PAY THE SAME TAX!

Other than their personal situations like married or not, children or other dependents, charitable contributions, what they choose and how the employer handles medical, retirement and many other elections at work, what if any interest or other taxes they pay, how they spend their money....and many other elections surrounding how any one person chooses to handle their filing options, their investments and much, much more...the differences that result can be substantial.